Spyker Backers Called into Question on Saab GM Deal

[Blackseal]

A securities and shareholders watchdog group is crying foul over the Spyker purchase of Saab. Dutch association VEB is insisting that Spyker CEO Victor Muller clear up questions about the mysterious financing that surfaced at the last minute of his negotiations with General Motors.

 

Saab-parent GM had insisted that Spyker chairman, and Russian banker, Vladimir Antonov divest his stake in the Dutch automaker as a condition to the Saab transfer. Antonov's stake of 4.6 million shares was bought by Tenaci Capital, owned by Muller. Tenaci contributed